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Thread: Is Post Office Recurring Deposit Accunts exempted from tax?

  1. #1
    PolicyWala Newbie
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  2. #2
    PolicyWala Fan
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    Default

    Post Office Recurring Deposit is taxable.

  3. #3
    Moderator
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    Noida
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    Default

    Quote Originally Posted by samir View Post
    I am the member of Post Office Recurring Deposit with Rs.500 per month. Is Post Office Recurring Deposit Accounts exempted from tax?
    It is taxable. Tax will be payable only on interest portion & not on gross portion.
    Amit
    Pls follow Rules/Guidelines @ PolicyWala
    “The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”

  4. #4
    NewBie
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    Dec 2012
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    Pune
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    Default

    I don't think post office Recurring Deposit accounts are exempted from any type of tax.I really want to know about the recurring deposit accounts in banks.My one friend just open this account in Axis Bank and he got really good offers.Can anyone know more about this???


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